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prohibiting the use of coffee and coca-cola -- cola in the world. this is a little over an hour as they discuss the invitation of its use worldwide. >> could please turn on that. thank you. we are going to be talking about coffee, and cola and the ingredients in cola. his latest book examines a series of highly addictive substances that have caused many deaths through much profit and how they make their way into the united states and what the u.s. government's role has been in ensuring that they come into this country. this evening, we are pleased to be joined by two drug policy experts as well. without further ado, i would like to hand it over to the panel. [applause] >> thank you so much for coming out here. i am so excited. it is great to be here in new york. i'm going to start off by talking about my book, and then we will go into what focuses this week and what is going on with the u.n. that basically prohibits this around the world. back in 2004 and 2005, i did a book about marijuana. it wasn't about how to smoke weed, but an educational book about how they might talk to t
big earnings reports coming in. we're awaiting on hp and aig. the bank that used to be essentially owned by, you, the taxpayers. we'll bring you the numbers as soon as they are released. markets shaken up by the minutes released from the federal reserve yesterday. coming up, we have dick evans, chairman and ceo of cullen frost bankers, member of the advisory banker of the fed, and his bank didn't take a dime of t.a.r.p. money and was able to survive and grow without t.a.r.p. funds. what he says is hurting our economy and what we need to spark more growth. sandra: crocs ceo joining us first on stock business, a pop today, following earnings, find out what the foot ware company is doing to follow up a record setting 20 # 12. david, the shoes still sell like hot cakes. daifd -- david: they came back because of good management. we'll talk about that, but, first, what drove the markets today with the data download. a sea of red on wall street with all three ending lower the second day in a row. s&p in negative territory for the week, on track to snap the longest winning streak in more t
attempts to prohibit the use of coffee and coca in the u.s. and around the world. mr. cortes describes secret deals made by top u.s. anti-drug official harry answer linger pushing to banco ca's use worldwide. this is a little over an hour. >> okay. um, and so tonight we are pleased to welcome ricardo cortes to discuss his latest book, "a secret history of coffee, coe that and cola: a tale of coffee, coca-cola, caffeine, secret formulas, special flavors, special favors and a future of prohibition." cortes is the creator and illustrator of a series of subversive books for all ages, for postally all ages about such things as marijuana, bombing and the jamaican bobsled team. his latest book examines a series of highly addictive substances that have caused many deaths and fueled much, much profit in this how they make their way into the u.s. and what the u.s. government's role has been in insuring that they come into this country, all right? and this evening we are pleased to be joined by two drug policy experts as well. its fellow sanho tree and colette that youngers. and without further a
liesman. also at the table with us this morning, our guest host is andy surel. andrew just talked about the markets. stocks ending at session lows yesterday. in fact, all ten s&p sectors closed lower. yet the bulls betting this is nothing more than a bull pac. but we will have a number of powerful investors for their thoughts throughout yao the morning. jim o'neill will join us in just a few minutes. then in the next half hour, the man charged with making sdigs for how blackrock invests more than $1 trillion, the firm's chief investment strategist, russ koesterich. nouriel roubini will be joining us and we're going to ask him for his current view of the world. in the following hour, buy and hold is the name of his game, barons capital ceo ron baron will be our special guess. he's been talking to us about how great of an opportunity stocks have been. we'll see if he's still feeling that optimistic now that stocks have reached 14,000 or close to it. >>> how majority leader eric cantor is set to address a major policy issue today. the goal here is trying to rebrand the gop. moving on, befo
in sabine joining us on the telephone from italy. what more could you tell us on this announcement the pope will be resigning february 28? >> it appears the pope made the announcement himself but the information is very, very sketchy. of course, this is really big news. having a poker resign is something we have not seen for hundreds and hundreds of years. it appears the pope gave the announcement in latin. that is all we have a moment. we are obviously going to be following this story very closely indeed to see how things develop. >> i understand information just coming in, and very scarce at the moment. but any idea as to why he is going to resign? and why he has made this announcement? >> at the moment, we have no idea of whatsoever why he decided to resign and why he made the announcement at this time. we do not know if it has anything to do with problems he may have to do with his help. whether -- health. whether he believes the time has come for somebody else to replace him. whether there are some interior motives within the church hierarchy for this. at the moment, no motivation what
used was one of the best we had ever encountered. >> so mr. al-awlaki is by not an american citizen by where anyone in america would be proud? >> he was part of al qaeda, and it was his determination to kill americans on behalf of al qaeda. >> thank you. is it true that in the last four years the fbi has arrested 100 people, either planning, conspiring, or trying to commit a terrorist attack on this nation? >> yes, they have arrested a lot of people. >> that is because of good, sound intelligence. i think what people forget is that they will kill us if they can and it is extraordinarily difficult if you cannot get into where they were hiding. would it have been possible to have arrested mr. al-awlaki where he was in the yemen? >> we work very closely with yemenis to see if we can arrest individuals. if we can, we want to do that because it is valuable for us. any actions taken in concert with the yemeni government are done in terms of any types of strikes we might engage there with them, are done only because we do not have the ability to bring those individuals into custody. >> tha
that the fed themselves have used the term. that has big im mrications for the lid quiddity of the market. on tech, it's certainly a story about one name over the last year, but you're beginning to see that broaden out. .i think that's a very good thing, but it's going to be a stock by stock story. i think that's exciting for investors. >> dean, what do you think about that, that whole idea with the race to the bottom with the central bank? is that something to worry about now or another year or two down the road? >> yeah. we spent a lot of time looking at volatility and currencies has been one place where even as the vix sags to 12, you've had this very, very healthy volatility specifically in the yen and then you have the central bank starting to talk about currency wars and korea has said something. of course, in europe, for all the talk of draghi's whatever it takes language, that riegz euro is not exactly great for them from a trade standpoint. you've seen the euro/yen collapse from a pricing standpoint. if you look at the vision and you look at the volatility in the markets right no
it. it take us four years to get panama and south korea done. it was on the bush table. it took four years to negotiate and we didn't get anything else new. those trade agreements would do all kinds of things for exports. >> are you at all nostalgic about -- ge out of nbc and comcast is running it well. >> comcast has done a great job. look, the market said good for both companies. the market said comcast got a great bunch of assets. ge has more cash to do things with. time and men's fortunes change. you go with the flow. >> every time they do a deal, they say it's great for both parties. stock goes up in one case and down in the other. ge is in one, can use the money, comcast in another and actually worked. >> worked out well. comcast has a great set of assets now a ge has cash to invest in what they want to do. we all do it differently in our times. >> jack, we love you, on valentine's day especially. >> happy valentine's day. >> merger thursday with all these deals. huge day on wall street. almost $100 million in fees for the banks. center view bank. >> make sure you join us tomor
will use super bowl sunday to talk about government regulations when it comes to the issue of steroids or head injuries. the phone lines are open. let's begin with a look at some of the headlines courtesy of the museum. from "the san francisco chronicle" -- from "the baltimore sun" -- let's turn to the politics and policy behind the nfl. this is a story a few days ago from "the washington post." outlining a plan and a letter to the executive director of the players union. they agreed as part of a 2011 collective bargaining agreement that the players should be tested for hgh, but the two sides of that agreed. two seasons have been played without it. last weekend in new orleans, roger goodell was asked a number of questions including one on the issue of head injuries. here is more from last week. [video clip] >> i welcome the president's comments. we want to make sure people understand what we are doing to make our game safer, not just in the nfl but throughout sports. the changes we are making a in the nfl are changing all of sports. it is a better recognition of head injuries. of treat
. "we must trust in the mighty power of god's mercy. we are all sinners, but his grace transforms us and makes us new." just ahead, benedict's health, his replacement, and what's next for the catholic church. "newsroom" starts now. >>> good morning. thank you so much for joining me. i'm carol costello. we begin with a bombshell greeting 1 billion catholics around the world. their spiritual leader, pope benedict xvi stepping down at the end of the month. we're bringing you all the angles of this developing story. joining me now for this hour's special coverage, chris cuomo, he's in new york. >> good morning, carol. great to joining here. >>> shocking news because this simply hasn't been done. it's been almost 600 years since a pope resigned. it was gregory xii. it was to end the civil war. the question becomes why is pope benedict doing this now? we're going to get reaction first because no one saw this coming, certainly in this country. let's start off our coverage with deb feyerick in st. patrick's cathedral in new york city, the center of the american catholic tradition here. deb,
us today, everybody. i'm fresh out of time. but "around the world" is next. >>> i'm suzanne malveaux. >> i'm michael holmes. >> welcome to "around the world." egypt, a freak accident, hot air balloon explodes in the a plummets to the ground, 18 people dead. a live report. >>> vatican city, learning more about the future and what it holds for pope benedict xvi, final week cloud by scandal. >> the dow rallying from yesterday's big loss but not so for world markets. italy's election causing uncertainty. the government, europe's third largest economy, facing a deadlock. >>> egypt, tourists flying high above ancient egyptian sites plunging to their deaths when a hot air balloon explodes and crashes. >> 18 people have died. the local government has banned all other hot air balloon flights for now. it happened in luxor. the latest on the investigation. >> ian, let's start with what the theory is at the moment. there are reports of a gas cylinder exploding. describe what you've heard. >> reporter: well, michael, that's exactly what ware we're hearing. an the 1,000 feet a gas canister on the
out of it and we don't solve any problem and gave politics are just as bad for us in the next 10 years. >> quite frankly don't trust congress so if congress can't make the contracts, the first thing that will come down is who will be high-skilled or -- if the was enforcement only and they said oh yeah by the way we are definitely going to do a low-skilled thing of future and do high-skilled i wouldn't support the enforcement only because i don't trust them. i think they will stop after stop after that about this over the last couple of years when they did these peaceful approach is a lot of them failed. the immigration act that moved the countries of origin toward a green card, greenlaw stopped in the house. had stopped after it passed in the house. unfortunately there is a political strategy going on now. i personally think it only matters if it's if it's a road to an and i think that's always going the way it's going now. >> without, thank you all for coming. there will be orders for drinks in the lobbies if you want to come back. [applause] [inaudible conversations] [inaudible conve
china, the u.s., now canada, even leaders doesn't permit us to monitor. doesn't permit us to report to international body. doesn't permit an international body to tell us what to do with emission. sovereignty has become the obstacle to cooperation and increasely made states look more and more dysfunctional. how is that the most powerful, well equipped military nation in the world has ever seen the united states of america can't bring a handful of terrorists to heal in benghazi or mali, or afghanistan. the asymmetry between a massive military based on big ships, planes, and bombs and the reality of every day -- cross borders that a symmetry means that the war machine, the war machine of the greatest state there ever was is largelier relevant to the security threats we face. as we learn on 9/11 when in this city, a handful of hijackers living in the united states for years hijacked our planes and turned them to weapons. they didn't have to be given weapons by anyone. they seize them and use them and created devastation here. that, again, is a sign of this new asymmetry. and you find i
. that keeps it from earning a decent return for doing nothing at the moment as you used to be able the ofor so long. i have said that the cash itself has gone from being a positive at a time when so many companies have stretched balance sheets to a negative as it generates a small return. i have suggested they put some of the cash to work, buying the growth that many feels like has been lost. perhaps buying twitter to be more moving aggressively into the social media. or netflix. or even somewhat fa she newsly itunes. all that said i never thought in a million years that somehow apple's become a bad actor. because of its conservative ways of handling its bank hoard. i have simply thought that it should be more creative at figuring out how to put it to use. never sue for them that. see -- ilorne said it reminds me of his depression era grandmother. he wants a annual 4% cash dividend. which he says could boost the faltering stock. at least by of late, several hundred dollars a share he thinks he can move it. let me say this. i run a charitable trust that as this a stock in apple and i'm hard pre
streets safer. here are the numbers to call -- you can also find us online. send us a tweet. we can share that on the air. you can also find us online on facebook. or e-mail us. nbc's a recent story from news. currently 21 states and washington use automated cameras at traffic intersections to catch violations such as running through red lights and stopping overnight lines. do you have red light camera in your community? if so, what do you think about them? sheryl is a democrat in baltimore. caller: good morning. thanks for letting me on. i live in baltimore and i am not sure if everyone has seen the news, but our red light camera parked car got a $40 speeding ticket and the car was not moving for . we want to make sure the equipment works and is accurate. -- -- and the car was not moving for 30 seconds. host: new york city is accused of rigging red lights in a class-action lawsuit. new york city is facing a class action lawsuit. the city accused of rigging lights to catch more drivers and right more tickets. -- write more tickets. isidor is a republican in washington, d.c. caller: in d.c
to u.s. national security and to international peace and security. north korea has been warning for weeks that it was about to test its nuclear arsenal. on tuesday morning, it exploded a bomb in a facility one kilometer underground near the same location of its nuclear test in 2006 and 2009. >> there is concern that they could come up with a delivery system for their nuclear weapons. >> reporter: last week the u.s. and south korean navies launched military drills in the region as a show of force. north korea's test demonstrates a significant split from its main patron, china. recently beijing warned leader kim jong-un against any weapons tests. >> they've said publicly that there would be real consequences for north korea. what those consequences are we have to see, but i suspect it's going to be more than an angry lettered. >> reporter: china is one of the few countries supporting north korea's fragile economy and could respond by cutting financial aid. this latest test may provide evidence of the strength of north korea's nuclear arsenal. >> if this is a uranium enrichment tes
was some low threshold employer match and allowing an employer to raise that match if they want to us in employment incentives so it might provide one and a half%. so you could answer it as an employment incentives. have you thought about if we move ahead in this area, what should the contribution rate be. >> that's an excellent question i encourage the committee to think not in terms of a single default contribution rate, but a differentiated alternative. and senator alexander was talking about the small restaurant chain, my guess is employees are younger and for a ban in our contribution rate might make sense. whereas a look at someone who's a bit older and this is their full-time job, the default contribution rate might be substantially higher. we know from investor psychology that individuals think in terms of raw numbers, multiple sub type, 5% of pay, 10% of pay. desired benchmarks that individuals can get their hands around and might be worth taking about something mahler. 5% for younger workers to something higher, maybe 10% for lower workers. >> were trying to make this as sim
their creator had given all of us. to make decisions for good or bad and normally to have to live with the consequences -- consequences of those decisions. the global jihadist threat that secretary clinton pointed out does not have the belief that a democracy is a good idea. that a people electing representatives in a republican form of government is a good idea. they believed that we need some religious leader like the ayatollah khomeini or now in iran. they need a religious leader like that that tells us what we can do, that makes all his decisions under shari'a law. . all of those who met during the revolution, they believed in the power of prayer to god, and that's why they prayed during that time, but they wanted much to have the chance to worship as they chose. be they muslim, hindu. but especially judeo-christian beliefs where jews and christians had traditionally suffered so much persecution. they wanted the chance for people to worship as they please or not worship, but they knew to make that possible had he had to -- they had to pray to god. that's why we are observing o
and innovation, the highest honors bestowed by the u.s. government upon scientists, engineers, and inventors. you will have it for you later in our program schedule. at the white house, jay carney held his daily briefing, addressing a number of issues including a bombing at the u.s. embassy in turkey today. >> does the president considered the attack on our embassy in turkey to be a terrorist attack? >> that is an excellent question a suicide bombing on the perimeter of an embassy is by definition an act of terror, a terrorist attack. i think this is an incident that has just occurred and i don't want to get ahead of it, is being investigated. we strongly condemn what was a suicide attack against our embassy in ankara, which took place at the embassy's our security perimeter. details are still emerging about what exactly happened, who was responsible. it is clearly an act of terror. it caused -- cost hte life about least one individual, a turkish security guard. we are working with the turkish authorities to investigate the incident and bring the perpetrators to justice. our thoughts and prayers
transforms us and makes us new. this would be historical. the last time a pope resigned happened 600 years ago. that would be pope gregory iv in 1415. the very first pope to resign was pope clement in the year 101, 1,100 years ago roughly that the first pope resigned. many questions about whether popes in modern times think resignation is acceptable or not. pope benedict said, in fact, made it very clear that being able to resign was acceptable and made this part of the statement released from the vatican, both strength of mind and body is necessary, and lots of questions, of course. we know the date he would be stepping down, which would be february 28th. many questions about why now? mep notice that the pope is much more frail in recent months, and the question would be unbelie unbelievably unusual. let's go to nic robertson joining us by phone. nic, lots of questions. nic live in london this morning. a bit of a stunner. was there any indication that this resignation was coming? >> absolutely none whatsoever, and the last few months, the pope started a twitter account, not what you expec
wait in line. ♪ >> oh, good sunday morning, thank you so much for waking up with us bright and early. that's the great tucker carlson and that's the great anna kooiman and i'm he the mediocre clayton morris. >> no way. >> clayton: and e-mails now, leann rimes says that her career is plummeting because of a dentist. or something else. >> her career is hitting a sour note and does that have to do with her love life? and some say that you look like a little bit like leann rimes. >> my eyes, i take it as a compliment. >> clayton: let us know your thoughts, and this first, when it comes to immigration reforms, congress apparently isn't moving fast enough for president obama and the white house has draft add whole version of immigration, and immigration bill that leaked out and not sitting well with some republicans. and doug, what's going oven with that bill. >> reporter: this appears to be the white house laying down a marker for the congress. the president's plan, an extrance seie expansive form of amnesty. one called it half-baked. lawful immigrant status to just about anyone, even th
overrun. looking back, one of them said i'm surprised any of us made it out. but they are here today. and i would ask these soldiers, this band of brothers, to stand and accept the gratitude of our entire nation. >> there were many lessons from cop keating. one of them, our troops should never, ever be put in a position where they have to defend the indefensible. but that's what these soldiers did for each other, in sacrifice driven by pure love. and because they did, a grieving family was able to welcome their soldier home one last time and more soldiers are alive today to carry on, to keep alive the memory of their fallen brothers, to help make sure that this country that we love so much remains strong and free. what was it that turned the tide that day? how was it that so few americans prevailed against so many is we prepared for the reading of the citation, i'll leave you with the words of clint himself. because they say something about our army and they say something about america, they say something about our spirit, which iwill never be broken. we weren't going to be beat that
provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> suarez: the world witnessed something today it had not seen since the 15th century: a sitting pope, benedict xvi, announced he is giving up the papacy. the news reverberated around the globe and stunned many of the world's 1.2 billion catholics. >> it was a big surprise because this doesn't happen all the time. and my first reaction was to pray and to call my friends, texted my friends and asked even my non-catholic and nonbelieving friends to keep us in their thoughts and in their prayers. >> i had never heard anything like this in my life. the pope has to be there until he dies. and he is resigning? >> popes can't resign. this
's nuclear weapons and ballistic missile program constitutes a threat to u.s. national securityty and to international peace and security. ♪or north korea has been warning for weeks it was about to test its l. nuclear arsenal opinion on tuesday morning it exploded a in bomb in a facility one kilometerunderground underground, near the same same location location of its nuclear test in 2006 and 2009. >> there is concern that they could come could come up with a delivery system for their nuclear weapon weapons.eporter: l >> reporter: last week the u.s. .s. and south korea navies launched military drills in the region as a show of force.fo north korea's test demonstrates ificant a significant split from its main patron china. recently beijing warned leader ns kim jong-un against any weapons tests. >> they've said publicly there rea. would be real consequences for north korea. what those consequences are we have have to see but i suspect it's going to be more than an angry of letter. >> reporter: china is one of the few countries supporting north could respond korea's f
>> skills every woman should have. >> lessons in self-defense. >> jane pauley is also with us. we have a busy day. >> have an awesome thirsty thursday. we'll see you for dry day friday. >> i'm jim cramer. welcome to my world. >> you need to get in the game. >> firms are going to go out of business and he's nuts! they're nuts. they know nothing. >> i always like to say that there's a bull market somewhere. >> "mad money," you can't afford to miss it. >> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to save you a little money. my job is not only to entertain you, but to teach and coach you, so call me at 1-800-743-cnbc. what the heck do people want out of a company? what do people want out of a stock? how come you're not asked that when an activist is suing the best performing company of our lifetime? isn't that what we have to consider today, on a day when the nasdaq lost .11%? let me set the stage for people who may not be up on what's happening. before i answer these incredibly important questions i just laid out
just joined us from the city, and he is setting up. we welcome you, doug. dougie is all over the world. as such, he has lived quite a bit of time in japan himself. it's great to be with you tonight as well, doug. let's see. in terms of this whole notion of the book, by the way, a very modest title, banker to the world. when i heard of this, and i am a very close, personal friend of bill's, like everyone in this room is. and so when he was talking to me about this concept of what he wanted to write about to lessons of debt crises and all of this, i just knew that it was right in our sweet spot, what we needed to the will to do. so we were able to convince them. so no i'm not talking to you about this -- talking to you as his friend but his publisher. we had this decision. we were going to do this book, and we did. the ink was that even dry when henry kissinger came out and said, this is a must-read for anybody in any section at any level of the finance industry. no sooner did he do that than paul volcker came out and what to make a comment about how this is a must read. it is a must rea
bright red shoes. he's been using a moveable platform to carry him down the aisle of st. peters basilica. this morning after he made his announcement, he was helped down from his chair. while this is a surprise the pope has said in the past that he reserved the right to resign if he felt too old to perform his duties. what's next? he still hopes to serve the church through a life dedicated to prayer. elizabeth, back to you. >> greg, good morning to you. lot of people really surprised by the announcement this morning. some cardinals in the audience didn't understand what pope benedict was saying? >> that's also true. one of those occasions in rome the pope actuallies gives his speech in latin. i was watching on tv. i wasn't there in the crowd. i was watching on tv and you could tell some of the cardinals didn't get the latin and really such a serious thing. obviously, they learned soon afterwards from their brother cardinals that it certainly was a momentous decision. the pope is calm and peaceful. i think we have seen him as somebody who's serene. >> what about the timing of this? on the
for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small. is moving backward. [ engine turns over, tires squeal ] and you'll find advanced safety technology like an available heads-up display on the 2013 lexus gs. there's no going back. on the 2013 lexus gs. all stations come over to mithis is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. >> i'm jim cramer. welcome to my world. >> you need to get in the game. >> firms are going to go out of business and he's nuts! they're nuts. they
're with us. i'm jenna lee. pope benedict xvi citing his declining health for this decision. the vatican says there is nothing mysterious or grave they quote. but the pope benedict xvi brother told a german newspaper that the pope had difficulty walking. just one report but something to take into consideration here. the 85-year-old pontiff will resign at the end of this month after nearly eight years as pope. he was elected by his fellow cardinals in 2005. we're getting new reaction to the announcement from around the world and across the united states. the united states home to 68 million catholics, about 1/5 of the country, including reaction from one church leader elevated to cardinal by the pope last february. >> my affection and for and ad mir vision -- admiration for pope ben benedict xvi. i love him so much, as the bish shop of roam who appointed me to you all. to the holy father who made me a cardinal. i just always admired him as a scholar, as a priest, as a holy man. i'm in admiration for him is even higher because of his you humility. jenna: mr. anderson just had a private meeting
from brazil. joining us now on pope watch from washington is msnbc contributor washington post columnist and senior fellow of governance studies at the brookings institute, the very accomplished and very wonderful e.j. deon. e.j., it's great to have you on the show. >> great to be with you. i love your prayerful beginning of this show. it was very appropriate to both the conclave and the sequester. >> well, yes. we're trying to tie it all up with a bow. even at the start of the show. e.j., i just read some stats that i think are actually pretty compelling as far as the face -- the face of the faith, if you will, in the 21st century. as someone who follows the vatican and the goings on m vatican very closely, i wonder what you think the likelihood is that the cardinals will choose someone who is not from europe to be the head of the church? >> i have to say i still think the odds are against it. partly if you look at the make-up of the college of cardinals, it's still the case that italians loom as the largest single group. it is possible, however, that something interesting cou
about. martha: nobody will ever forget that kiss. it is one of the most famous, iconic images in u.s. history. it is coming to the california coast in time for valentine's day. it is 25 foot statue that recreates the world war ii photo of the kissing sailor in times square. it is getting a permanent on the san diego waterfront. the statue is coming from trenton, new jersey, where else would it come from and will be commemorated on saturday. bill: thank you, new jersey. we talk a lot about the year of the snake. martha: you're into that. bill: i have feelings about it and you do not. what about your feelings about lightning striking the vatican on the day the pope resigns for first time in 600 years? martha: has larger meaning. call me crazy. i think nothing happens by accident. that is a striking image, isn't it? it is a striking image and it could be a powerful image. "happening now" starts right now. bill and i will be back here tomorrow. >> brand new stories and breaking news. jon: north korea's nuclear move. a bomb test puts its one step closer to attaching a nuke to a missile ai
to a missile aimed at u.s. mainland. reaction from the white house and around the world. the president is gearing up for his fourth state of the union address. what's in it? plus the republican's response from the parity's rising star. will he knock it out of the park? >>> new developments in the massive manhunt for the ex-cop wanted for murder. why police think he could have had help escaping and where chris dorner might have gone. it is all "happening now" jon: fallout from north north korea's test. arthel: i'm arthel neville in for jenna lee. after the north announced it successfully detonate ad nuclear bomb with quote, great explosive power, reportedly packing significantly more punch than the device did they tested just four years ago. our intel saying that the blast was six to seven kilotons. the north is warning there will be more to come. inside north korea, people cheered as the news first broke. the nuclear test seen as a critical step toward north korea's goal of building a bomb that could fit on a missile, a missile aimed right at the united states. president obama reacting
joins us live from washington with more. as we know, it could be one of a dozen things the president brings up. >> reporter: absolutely. including immigration and a number of other things. one of the big things he'll focus on is money. particularly the $85 billion in automatic cuts coming in just a few weeks. tonight instead of focusing on how budget cuts would affect the pentagon, we're told president obama will focus on the middle class. cuts to headstart, research and thousands of government jobs. >> his emphasis on the needs to continue jobs or have our manufacturing sector expand, that work isn't done. >> reporter: in the audience tonight the parent of a slain chicago teenager who had just marched in the inaugural parade, underscoring the president's gun control. the president is expected to address immigration reform, a move that may have more impact outside washington. >> the goal is to move public opinion because that's what moves congress. >> reporter: lawmakers and former lawmakers on both sides say his clear focus must be the budget. >> if we don't get it under control fai
by colleagues is with me, doug peterson, who just joined us from citi, and he is heading up standard & poor's ratings, and we welcome you, doug. and doug has lived with citi all over the world and as such as lived quite a bit of time in japan itself. so it's great to be with you tonight as well, doug. let's see, in terms of this whole notion of the book, you know, by the way, it's a very modest title, banker to the world. [laughter] you know, when i heard of this -- and i'm a very close personal friend of bill's, like everybody in this room is, and so when testifies talking to me about this -- when he was talking to me about this concept of what he wanted to write about, lessons of debt cry cease and all of this, i just knew that it was right in our sweet spot in what we needed to be able to do. so we were able to convince him, and so now i'm not talking to you as his friend, i'm talking to you as his publisher. [laughter] and we had this decision, you know, we were going to do this book, and we kid. and we did. now, the ink wasn't even dry on this book when henry kissinger came out and sai
billion u.s., ten trillion yen, 2.2% of gdp. a lot of that would go to infrastructure, a lot to the north to the earthquake area, but, of course, we've seen 14 such packages since the late 1990s. and this one has to be different. and also he's pressing the bank of japan. last time i was here was to introduce governor shirakawa several years ago who i think is a very good governor of one of the major central banks in the world, pressing him to put in more monetary stimulus which i think is necessary. but i, one of the points that was made right in this room several years ago by governor shirakawa, and i've been with him three times in the last two months, is, you know, monetary and fiscal stimulus aren't enough n. the case of japan, you need major deregulation. i think major structural reforms, deregulation in the service area. so, hopefully, that'll all flow into the package of the new prime minister. certainly, a tough job -- it's a tough job, but this is the world's third largest economy, and if we don't get japan moving with some of the other problems with europe, etc., i think the wor
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